ETF Share Class Relief demo
Prepares the adviser reports, board findings and monitoring ETF share class relief requires 1:30
What the demo shows
Prepares the adviser reports, board findings and monitoring ETF share class relief requires
A list of the funds with an ETF share class runs down the left; for the selected fund three threshold strips (transaction costs, cash, capital-gains distributions) show today's value against the board-set threshold, with a watch band, twelve months of history and the agents' projection, and any crossing starts a 30-day clock in the corner. The Monitoring agent computes every condition each morning from fund accounting, transfer-agency flows and trading-cost data; the Cause agent traces a crossing to the class flows and lots behind it and runs the counterfactual; the Notice agent drafts the 30-day notice; the Report agent drafts initial and annual adviser reports and findings, reading sub-adviser reports in their own language; the Check agent tests every draft against the order, the minutes and prior notices; the Remediation agent measures each fix; the Records agent keeps the six-year record. The preparer cannot approve, the Fund CCO and the Fund Treasurer both approve, the board liaison releases, and the board's response is filed against the case.
Transcript
- ETF Share Class Relief runs an ETF share class orders conditions for fund CCOs.
- Over 80 managers sought it.
- Each crossing owes the board notice within 30 days.
- Each morning the Monitoring Agent checks 34 funds on three board thresholds.
- Mid-cap Value's capital gains hit 1.8% over 1.5% day 4 of 30.
- The Cause agent trades a 30-day It embraces 78% of the gains to one redemption.
- The check agent flags a contradicted word.
- Helen, the fund CCO, edits that sentence and approves with a reason.
- Mark has prepared it, so he cannot approve.
- The treasurer signs second, and Laura releases it.
- Annual reports for 34 funds are drafted to Japanese sources side by side.
- Every value and decision is cited, signed, and logged.
- This year, 10 notices all inside 30 days.
- This one went out on day four.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.